Catalyst Paper has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings.
Catalyst Paper has sold its Elk Falls industrial site and related assets to Quicksilver Resources Canada Inc., a Calgary-based corporation with extensive natural gas holdings.
The $8.6 million sale includes a fully serviced, 400-acre industrial site and adjacent property near Campbell River, B.C. The site formerly housed the Elk Falls pulp and paper mill which began operation in 1952, was indefinitely curtailed in 2009 and closed permanently in 2010. Work has been underway since then to prepare the site for sale and redevelopment for other industrial uses.
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. The company’s facilities in Crofton, Port Alberni, Powell River, Surrey and Nanaimo, B.C., have a combined annual production capacity of 1.5 million tonnes.
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